St. Louis Tax Law Blog
Padding Your Deductions Could Lead to Audits & Fraud Charges
Deductions are a critical part of the United States tax code because they allow people to reduce the amount of tax they have to pay because of other payments they have already made or donations to charitable causes. People can write off business-related expenses both incurred as part of a job for an employer and…
How to stop IRS wage garnishment
If you owe the IRS money, it’s critical that you do whatever you can to make things right. One thing is for sure: The IRS won’t go away until you pay back every last cent that you owe. Depending on the circumstances, the IRS may garnish your wages as a means of collecting the money…
The Odds Of An IRS Tax Audit
Your Chances of Being Audited Are Low Does the fear of a tax audit sometimes haunt your dreams or keep you up at night? If so, you’re not alone. Nobody really wants to deal with an audit, especially since even a simple mistake can expose you to fines, interest and other penalties. Well, this may…
Overpaid Taxes – What To Do
You were so cautious about paying your taxes on time that you made an error on the return. That simple error meant that you overpaid by a few hundred dollars, which you’d like to get back from the Internal Revenue Service. Did you know that you are able to request a refund if you overpay on your taxes? You may…
People Do Make Tax Mistakes
Do you feel nervous when you do your taxes? Maybe you don’t want to pay someone to do it for you — or you can’t afford it — and yet you are well aware that no one ever taught you how to do your taxes. You just try to fill out the forms as well as you can, constantly worrying…
Underpaid Taxes – What To Do
If you are like most Americans, you may get a little creative in your efforts to reduce your tax obligations and maximize the percentage of your annual income that stays in your accounts. Unfortunately, if you underpay your taxes because you get a little too aggressive with your attempt to avoid taxes, you may receive a notice of deficiency from…